Neogen Corporation (NEOG)
Payables turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 463,993 | 465,207 | 460,134 | 460,322 | 455,638 | 454,000 | 458,639 | 416,492 | 372,958 | 333,499 | 285,928 | 284,146 | 278,786 | 270,814 | 262,677 | 253,403 | 241,014 | 232,693 | 227,684 | 221,891 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
February 28, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $463,993K ÷ $—K
= —
The payables turnover ratio for Neogen Corporation has been consistently reported as "—", indicating that specific data points for payables turnover were not provided in the financial statements for the periods listed. It is important to note that the payables turnover ratio is a key financial metric that measures how efficiently a company manages its accounts payable by comparing the cost of goods sold to its average accounts payable balance.
Without specific values for the payables turnover ratio, it is challenging to assess Neogen Corporation's ability to pay its suppliers in a timely manner or how effectively it is utilizing its accounts payable. Analysts typically use the payables turnover ratio to evaluate a company's liquidity, operational efficiency, and vendor management practices. Therefore, the absence of this data makes it difficult to draw meaningful conclusions about Neogen Corporation's payables management strategy from a ratio perspective.
Peer comparison
Feb 28, 2025